{"id":89088,"date":"2025-01-24T00:00:00","date_gmt":"2025-01-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=89088"},"modified":"2025-12-15T12:06:49","modified_gmt":"2025-12-15T12:06:49","slug":"egypt-uae-secure-green-financing-from-afdb-and-hsbc-for-green-transition","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/egypt-uae-secure-green-financing-from-afdb-and-hsbc-for-green-transition\/","title":{"rendered":"Egypt, UAE secure green financing from AfDB and HSBC for green transition"},"content":{"rendered":"<section id=\"89090\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"89090\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">THE WEEK IN REVIEW<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/top-stories-green-financing-news-from-egypt-and-uae-updates-on-egypts-solar-panel-factory\/\">\r\n                            TOP STORIES: Green financing news from Egypt and UAE + Updates on Egypt\u2019s solar panel factory                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/top-stories-green-financing-news-from-egypt-and-uae-updates-on-egypts-solar-panel-factory\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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On the docket this week? A pile of green financing, solar, green hydrogen and wind updates as we round up the regional climate industry\u2019s activities over the past seven days. First, as expected, the US climate-denier-in-chief has made his first moves\u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE <\/strong><strong>BIG STORY<\/strong><strong> ABROAD THIS WEEK- <\/strong><strong>Trump pulls<\/strong><strong> the plug on US climate policy:<\/strong> US President Donald Trump issued sweeping executive orders on his first day in the White House, reversing key environmental initiatives and prioritizing fossil production. Trump ordered federal agencies to stop spending from Biden\u2019s flagship climate action programs, putting over <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/fcaf50dc-6779-44d2-a7fa-264df798a4c1\" style=\"\" rel=\"noopener\">USD 300 bn<\/a> of financing contracts under a freeze for review, according to an <a target=\"_blank\" href=\"https:\/\/www.whitehouse.gov\/presidential-actions\/2025\/01\/unleashing-american-energy\/\" style=\"\" rel=\"noopener\">executive order<\/a>. He also ordered the elimination of EV subsidies and asked regulators to revise recent emissions standards. Rewriting the rules could take months to finalize, leaving automakers in <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-21\/trump-orders-end-to-electric-vehicle-mandate-subsidies?srnd=phx-green\" style=\"\" rel=\"noopener\">regulatory limbo<\/a>. A freeze on federal permits for wind projects and new offshore leasing was also signed into effect, along with a withdrawal from the \u201c <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-20\/trump-to-order-us-exit-from-paris-accord-hobbling-climate-fight?srnd=phx-green\" style=\"\" rel=\"noopener\">one-sided\u201d Paris<\/a> Accords and a rollback on US financial commitments to international climate regimes, according to a separate <a target=\"_blank\" href=\"https:\/\/www.whitehouse.gov\/presidential-actions\/2025\/01\/putting-america-first-in-international-environmental-agreements\/\" style=\"\" rel=\"noopener\">statement<\/a>. The withdrawal is unlikely to materialize until next year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Others are stepping in<\/strong><strong>:<\/strong> Former New York Mayor Michael Bloomberg and other backers pledged to foot the US\u2019 financial obligations to the UN Climate Change Secretariat in response to Trump\u2019s move, according to a <a target=\"_blank\" href=\"https:\/\/www.bloomberg.org\/press\/un-special-envoy-michael-r-bloomberg-announces-effort-to-ensure-u-s-honors-paris-agreement-commitments\/\" style=\"\" rel=\"noopener\">press release<\/a> on Thursday. <a target=\"_blank\" href=\"https:\/\/www.bloomberg.org\/\" style=\"\" rel=\"noopener\">Bloomberg Philanthropies<\/a> made similar commitments in <a target=\"_blank\" href=\"https:\/\/www.bloomberg.org\/press\/bloomberg-philanthropies-commits-15-million-fill-budget-gap-left-trumps-revoking-us-support-un-climate-treaty\/\" style=\"\" rel=\"noopener\">2017<\/a> and <a target=\"_blank\" href=\"https:\/\/www.bloomberg.org\/press\/michael-bloomberg-contributes-additional-5-5-million-united-nations-climate-change-secretariat-fill-united-states-federal-funding-gap\/\" style=\"\" rel=\"noopener\">2019<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Market reax-<\/strong> Existing wind projects, including Orsted\u2019s, are unlikely to be affected, though the Danish developer\u2019s stock fell 17% after announcing USD 1.7 bn in impairments on its US operations, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-20\/orsted-takes-1-7-billion-hit-on-mounting-costs-of-offshore-wind\" style=\"\" rel=\"noopener\">Bloomberg<\/a> wrote on Monday. Italy\u2019s Prysmian has also scrapped plans for a US wind cable plan for weak demand, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/italys-prysmian-ditches-plan-build-us-plant-offshore-wind-parks-2025-01-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Tuesday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story made headlines in the international press:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/trumps-energy-actions-his-first-day-2025-01-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/what-has-trump-done-trump-executive-orders-f061fbe7f08c08d81509a6af20ef8fc0\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/fcaf50dc-6779-44d2-a7fa-264df798a4c1\" style=\"\" rel=\"noopener\">The Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/01\/21\/climate\/trump-climate-change-executive-orders.html\" style=\"\" rel=\"noopener\">The New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-21\/trump-orders-end-to-electric-vehicle-mandate-subsidies?srnd=phx-green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.axios.com\/2025\/01\/21\/president-donald-trump-executive-orders-list\" style=\"\" rel=\"noopener\">Axios<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2025\/01\/20\/politics\/executive-actions-trump-day-1\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/abcnews.go.com\/Politics\/wireStory\/trump-executive-orders-presidency-117986949%5C\" style=\"\" rel=\"noopener\">ABC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/us-news\/2025\/jan\/20\/tump-executive-orders-list\" style=\"\" rel=\"noopener\">The Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/c1ez6313g4po\" style=\"\" rel=\"noopener\">BBC<\/a> <\/p>\n<p class=\"tag-border-left\">HAPPENING NEXT WEEK-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Bahrain will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sustainmideast.com\/\" style=\"\" rel=\"noopener\">Sustainability Forum Middle East<\/a><\/strong><strong> from Tuesday, 28 January to <\/strong><strong>Wednesday, 29 January<\/strong> in Manama. Climate experts and decision-makers will convene to discuss a number of issues ranging from decarbonization to supporting SMEs on their path to net zero. Speakers will include GCC government officials and industry leaders from the banking and industrial sectors.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\"> COP WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Brazil has <\/strong><strong>appointed diplomat Andr\u00e9 Corr\u00eaa do Lago as president-designate of COP30<\/strong>, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/57f82396-3d4d-414b-b0cf-a90a751701ce\" style=\"\" rel=\"noopener\">Financial Times<\/a> reported on Tuesday. The former ambassador to Japan and India will have to work without the support of the world\u2019s largest historical emitter, as his appointment came right after the US announced its withdrawal from the Paris Agreement under Trump. Ana Toni \u2014 Brazil\u2019s climate change secretary \u2014 will serve as chief executive. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WHAT WE\u2019RE TRACKING REGIONALLY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a>#1- <\/strong><strong>Egypt plans to issue<\/strong><strong> USD 1-1.5 bn worth of eurobonds or green bonds in international <\/strong><strong>markets as soon as next month,<\/strong> followed by an issuance of sovereign sukuk, to take advantage of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/af876b20-a5dc-43ee-9b6a-da94bbab51b0\/cabinet-economic-team-talks-investment-at-davos\" style=\"\" rel=\"noopener\">rising investor interest in Egyptian debt<\/a>, a senior government official told EnterpriseAM on Wednesday. The Madbouly government is currently in discussions with international offering advisors to identify the best options for debt issuances in the coming period, the source added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sounds familiar? <\/strong>The Madbouly government was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1787561f-d13d-46a4-b6e8-2b0c76a76b94\/today:-another-lifeline-for-lucid-%2B-abdul-latif-jameel-eyes-fotowatio-sale.\" style=\"\" rel=\"noopener\">looking to issue green bonds and sukuk<\/a> worth between EGP 5-10 bn (USD 99.4 - 198.9 mn) in 3Q-4Q of FY 2024-2025 back in October in a bid to diversify financing sources.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER EGYPT NEWS- <\/strong><strong>Egyptian-Saudi electricity interconnection is almost ready:<\/strong> The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/81d13a3c-e79f-4ff1-93a2-19049c1eb8c7\/\" style=\"\" rel=\"noopener\">Egypt-Saudi<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/81d13a3c-e79f-4ff1-93a2-19049c1eb8c7\/\" style=\"\" rel=\"noopener\">interconnection project<\/a> is 71% complete, according to a <a target=\"_blank\" href=\"https:\/\/web.facebook.com\/NationalPressAuthority\/posts\/pfbid02YzsKKqEGE8khSeZVaHC8dPPcdShXhWuWSJ3aMML7NYg75p2VHtP47VYBD8yMzYE2l?rdid=HUTo8AAUbeXVaEWi&_rdc=1&_rdr#\" style=\"\" rel=\"noopener\">statement<\/a> released on Wednesday. The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b0a98f1a-7b6b-489f-b173-f0210d8f8493\" style=\"\" rel=\"noopener\">first phase<\/a> of the project \u2014 which will see 1.5 GW of the planned 3 GW come online \u2014 is set to be completed by June instead of July 2025, with trial operations slated for April.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>We have an investment ticket f<\/strong><strong>or Masdar\u2019s Philippines <\/strong><strong>plans<\/strong><strong>:<\/strong> UAE renewables player Masdar aims to pour some USD 15 bn into scaling up renewables projects in the Philippines up to 10 GW within a decade, according to a <a target=\"_blank\" href=\"https:\/\/doe.gov.ph\/press-releases\/masdar-enters-philippine-renewable-energy-market\" style=\"\" rel=\"noopener\">press release<\/a> published by the Philippine\u2019s Department of Energy last week. Masdar said they intend to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b0dae305-6ea6-4cb8-b179-f77a1145e46d\/\" style=\"\" rel=\"noopener\">develop 1 GW of solar, wind, and battery energy storage systems<\/a> by 2030, supporting the Southeast Asian country\u2019s goal to reach 35% of renewable energy generation by 2030 and 50% by 2040.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a><\/strong><strong>ALSO <\/strong><strong>FROM THE UAE- Adnoc subsidiary <\/strong><strong>Fertiglobe <\/strong><strong>is looking for committed Asian buyers before <\/strong><strong>pushing ahead with a <\/strong><strong>USD<\/strong><strong> 1 bn investment in blue ammonia<\/strong><strong>, <\/strong>CEO Ahmed El Hoshy told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-21\/uae-plans-to-invest-1-billion-in-blue-ammonia-if-asia-will-buy\" style=\"\" rel=\"noopener\">Bloomberg<\/a> on Tuesday. The company hopes it can secure offtakes from Asian buyers \u2014 particularly Japan and South Korea under their subsidized climate-friendly fuel imports scheme, El Hoshy added. Fertiglobe inked a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4ea411a5-bbf5-494f-a53a-4fb789df172b\/today:-acwa-power-secures-ebrd-financing-for-green-hydrogen-project-in-uzbekistan\" style=\"\" rel=\"noopener\">EUR 397 mn<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4ea411a5-bbf5-494f-a53a-4fb789df172b\/today:-acwa-power-secures-ebrd-financing-for-green-hydrogen-project-in-uzbekistan\" style=\"\" rel=\"noopener\">contract<\/a> with Hintco last August to supply Europe with 19.5k tons of green ammonia in 2027. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It also began exporting green ammonia to India back in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/97515b0e-5e03-4249-b954-f91475deb50d\/today:%253cmark%253e-fertiglobe%253c%2Fmark%253e%25e2%2580%2599s-green-ammonia-heads-off-to-india-%2B-mena-is-well-positioned-for-the-green-steel-boom\" style=\"\" rel=\"noopener\">November 2023<\/a><\/strong><strong>, <\/strong>using production from its Egypt <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f5abf384-29b6-40d9-bc15-0d60974a882e\" style=\"\" rel=\"noopener\">co-development in Ain Sokhna<\/a>, on which it also acts as a sole off-taker after securing a 20-year offtake agreement with the partners. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ON THE LEGISLATIVE SIDE- <\/strong><strong>UAE<\/strong><strong> is pursuing new hydrogen legislation:<\/strong> UAE's Ministry of Energy and Infrastructure is working with the <a target=\"_blank\" href=\"https:\/\/www.iphe.net\/\" style=\"\" rel=\"noopener\">International Partnership for Hydrogen and Fuel Cells (IPHE)<\/a> on new legislation to support the sustainability of hydrogen production in the country, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bhpw68l-ministery-energy-and-infrastructure-drafts-new\" style=\"\" rel=\"noopener\">Wam<\/a> reported last week. The cooperation is part of IPHE\u2019s push to create hydrogen policies designed for adoption globally. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> The UAE launched the <a target=\"_blank\" href=\"https:\/\/u.ae\/en\/about-the-uae\/strategies-initiatives-and-awards\/strategies-plans-and-visions\/environment-and-energy\/national-hydrogen-strategy\" style=\"\" rel=\"noopener\">National Hydrogen Strategy<\/a> in July 2023, aiming to produce 1.4 mn metric tonnes of low-carbon hydrogen per annum by 2031 and support the country\u2019s commitment to achieving net-zero by 2050.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- France\u2019s TotalEnergies is <\/strong><strong>advancing <\/strong><strong>its 500 MW Sadada solar project in Libya this year, <\/strong>according to a <a target=\"_blank\" href=\"https:\/\/libyasummit.com\/news\/totalenergies-anticipated-commission-500-mw-sadada-project-2025\" style=\"\" rel=\"noopener\">statement<\/a> released on Sunday from the Libya Energy & Economic Summit. The project \u2013 built in partnership with the General Electricity Company of Libya (GECOL) and the Renewable Energy Authority of Libya \u2013 is expected to begin <a target=\"_blank\" href=\"https:\/\/energycapitalpower.com\/lees-2024-500-mw-solar-plant-set-to-enter-commercial-operation-in-2026\/\" style=\"\" rel=\"noopener\">commercial operations by 2026<\/a>. The project \u2013 launched back in 2022 \u2013 was to reportedly deploy around <a target=\"_blank\" href=\"https:\/\/www.saurenergy.com\/solar-energy-news\/construction-begins-on-500-mw-solar-power-project-in-libya\" style=\"\" rel=\"noopener\">1.2<\/a><a target=\"_blank\" href=\"https:\/\/www.saurenergy.com\/solar-energy-news\/construction-begins-on-500-mw-solar-power-project-in-libya\" style=\"\" rel=\"noopener\">mn solar panels<\/a> to produce around 152 TWh annually, making it Libya\u2019s largest renewable energy project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some regional players expressed interest in Libya before: <\/strong>State-backed renewables giant Masdar and Alpha Dhabi\u2019s W Solar Investment <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f52c34ef-24ab-4a69-921e-eeb98132df50\/today:-green-bonds-incoming-from-ocp-%2B-acwa-and-socar-team-up-on-green-hydrogen\" style=\"\" rel=\"noopener\">were reportedly in talks<\/a> with the Libyan government last April to develop a 500 MW solar power plant in Libya. The two Emirati players had signed an agreement with the General Electric Company of Libya back in 2022 to invest in building solar plants in Libya, but no details or specific investments were disclosed at that time.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>#4- Manara is scoping out Zambia: <\/strong>Manara Minerals \u2014 a JV between Saudi\u2019s Public Investment Fund and mining giant Ma\u2019aden \u2014 is scanning Zambian minerals projects for potential investments, with a mining agreement likely to happen this year, Zambian Mines and Minerals Development Minister Paul Kabuswe told <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/zambia-says-saudis-manara-interested-its-copper-assets-2025-01-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a> last week. Manara has yet to decide which projects it will invest in but has clearly expressed interest, Kabuswe added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Manara was reportedly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f202e7da-7eb3-46c4-ae29-00c7165a7c1f\/ksa%25e2%2580%2599s-manara-minerals-is-reportedly-close-to-snapping-up-a-minority-stake-in-zambia-mines\" style=\"\" rel=\"noopener\">in advanced talks<\/a> with Canada\u2019s <a target=\"_blank\" href=\"https:\/\/first-quantum.com\/\" style=\"\" rel=\"noopener\">First Quantum Minerals<\/a> for a 15-20% stake in its Zambian copper and nickel mines, before Japanese trading house Mitsui <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2921b35e-35ca-423c-8fea-f3fdbf5c17c8\/today:-a-big-day-for-renewables-in-egypt-%2B-al-ajban-solar-farm-breaks-ground\" style=\"\" rel=\"noopener\">put down USD 2 bn<\/a> to outbid Manara. The Zambian government is aware of ongoing talks between Manara and First Quantum but is not in on the details, Kabuswe told the news agency on Thursday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Gulf investors, including Saudi Arabia and the UAE, are expected to play a pivotal role in<\/strong><strong> Zambia\u2019s push to increase its copper output<\/strong> to some 1 mn tons this year, up from the 720k tons it produced in 2024, Jito Kayumba, special assistant for finance and investment to Zambia\u2019s president, was quoted as saying by <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-17\/zambia-looks-to-uae-and-saudi-arabia-to-back-copper-expansion\" style=\"\" rel=\"noopener\">Bloomberg<\/a> last Friday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO-<\/strong> Saudi Arabia is on the verge of finalizing its investment in Pakistan\u2019s Reko Diq mine in the next few months after an agreement was approved by both sides to bring foreign exchange earnings into Pakistan instead of an overseas account, Pakistani news outlet <a target=\"_blank\" href=\"https:\/\/www.thenews.com.pk\/print\/1273473-pakistan-ksa-eyeing-reko-diq-deal-in-next-few-months\" style=\"\" rel=\"noopener\">The News International<\/a> reported last Saturday, citing a senior official familiar with the talks.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- <\/strong><strong>Oman eyes Saudi <\/strong><strong>ties and copper exports:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.mdo.om\/\" style=\"\" rel=\"noopener\">Minerals Development Oman<\/a> (MDO) is eyeing partnerships with Saudi companies across exploration, extraction, and processing industries as part of its growth strategy, CEO Matar Al Badi told <a target=\"_blank\" href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1784011\" style=\"\" rel=\"noopener\">Argaam<\/a> on the sidelines of the Future Minerals Forum last week. The state-backed miner has already invested over USD 30 mn in exploration, including aerial surveys spanning 16k sqm and more than 7.5k meters of exploratory drilling. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s a lot in the works:<\/strong> MDO\u2019s first project is set to launch this year, with copper exports worth around USD 400 mn expected by 2027. The company plans to begin rare mineral exploration this year, building on promising exploration efforts of at least USD 30 mn over the past two years. MDO is also gearing up for a potential IPO in 2028, aiming for a local or global market debut, Badi said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> Last November, MDO\u2019s subsidiary Mazoon Mining <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77f5a283-1888-41d5-accc-d36505c39e92\/\" style=\"\" rel=\"noopener\">broke ground<\/a> on its copper project in Wilayat of Yanqul \u2014 Oman\u2019s largest integrated copper concentrate project \u2014 to be operational by 1Q 2027. The company is focusing on the country\u2019s copper reserves in the states of Sohar and Liwa \u2014home to around 2.78 mn tons of reserves \u2014 to raise copper ore\u2019s annual production to 800k tons.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WHAT WE\u2019RE TRACKING GLOBALLY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>[wwtt4]#1- <\/strong><strong>The Indonesian Carbon <\/strong><strong>Exchange (IDXCarbon) opened trading to foreign <\/strong><strong>participants at the Indonesian Stock Exchange (BEI), <\/strong>according to a <a target=\"_blank\" href=\"https:\/\/www.idx.co.id\/id\/berita\/siaran-pers\/2304\" style=\"\" rel=\"noopener\">press release<\/a> published on Monday. The inaugural trading \u2014 which included carbon units equivalent to 1.78 mn tons of CO2 from five energy projects owned by state-owned PT Perusahaan Listrik Negara \u2014 saw sales reaching 41.8k tons of CO2, with nine international buyers participating, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-20\/indonesia-opens-carbon-market-to-global-investors-to-lift-demand\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported. New forest and land-use-based carbon credits will also be added to the offering as soon as March, Environment Minister Hanif Faisol Nurofiq told Bloomberg on Monday. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The price tag: <\/strong>Carbon credits were sold at IDR 96k (c. USD 5.9) per ton for energy efficiency projects (gas plants) and IDR 144k (c. USD 8.9) per ton for renewables (a mini hydro plant), Bloomberg reports. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SPEAKING OF CARBON MARKETS- <\/strong><strong>Carbon <\/strong><strong>traders eye USD 1.5 bn Amazon <\/strong><strong>conservation project: <\/strong><a target=\"_blank\" href=\"https:\/\/mercuria.com\/\" style=\"\" rel=\"noopener\">Mercuria<\/a> -backed nature and biodiversity investment outfit <a target=\"_blank\" href=\"https:\/\/silvania.earth\/\" style=\"\" rel=\"noopener\">Silvania<\/a> will launch a carbon market scheme to raise USD 1.5 bn for conserving the Amazon rainforest, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/carbon-markets-investor-kicks-off-15-billion-amazon-protection-plan-davos-2025-01-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported on Wednesday. Silvania has pledged USD 1 for every ton in credits purchased, with a cap of USD 100 mn, in a bid to kickstart the campaign. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- European banks consider NZBA exit as climate alliances face pressure<\/strong>: European banks are rethinking their commitment to the <a target=\"_blank\" href=\"https:\/\/www.unepfi.org\/net-zero-banking\/\" style=\"\" rel=\"noopener\">Net Zero Banking Alliance<\/a> <strong><a target=\"_blank\" href=\"https:\/\/www.unepfi.org\/net-zero-banking\/\" style=\"\" rel=\"noopener\"><\/a><\/strong><a target=\"_blank\" href=\"https:\/\/www.unepfi.org\/net-zero-banking\/\" style=\"\" rel=\"noopener\">(NZBA)<\/a>, with some threatening to join their US counterparts\u2019 exodus unless the coalition relaxes its rules, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/affbf968-b194-43c6-aa83-a2af4e6e27fe\" style=\"\" rel=\"noopener\">Financial Times<\/a> reported on Sunday, citing three people familiar with the matter. Four major Canadian banks also announced their departure from the alliance. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong>Major US financial institutions \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/edition\/climate\/5b4f649d-d3ea-4831-a0cf-d74414fe0696\/\" style=\"\" rel=\"noopener\">Morgan Stanley, JPMorgan Chase<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/edition\/climate\/b21190ec-3feb-4e17-b1f4-1a34cdf456c2\/\" style=\"\" rel=\"noopener\">Goldman Sachs<\/a>, and <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c207ef2e-0181-4db7-ae64-f572d38a7d0b\/\" style=\"\" rel=\"noopener\">Wells Fargo<\/a> \u2014 exited the NZBA. You can read more about the impact in our <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b46019be-ae7e-4b54-bba2-94e0cb539cc4\/new-deposits-in-esg-funds-plummeted-57%2525-y-o-y-in-2023,-here%25e2%2580%2599s-why\" style=\"\" rel=\"noopener\">deep dive<\/a> into ESG divestment troubles from 2024.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DANGER ZONE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Thawing Arctic is now a source of carbon emissions: <\/strong>Rising global temperatures have caused over one-third of the Arctic\u2019s tundra, wetlands, and forests \u2014 traditionally one of nature\u2019s solid carbon sinks \u2014 to release stored carbon into the atmosphere, <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/environment\/2025\/jan\/21\/third-of-arctic-carbon-sink-now-a-source-of-emissions-study\" style=\"\" rel=\"noopener\">The Guardian<\/a> reported Tuesday, citing a <a target=\"_blank\" href=\"https:\/\/www.nature.com\/articles\/s41558-024-02234-5\" style=\"\" rel=\"noopener\">study<\/a> published in Nature Journal. The study examined data found by 200 studies carried out between 1990 and 2020 which revealed that over 30% of the Arctic region became a net carbon dioxide emitter, with the figure increasing to 40% when wildfire emissions are accounted for. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s at stake:<\/strong> Natural carbon sinks, along with oceans, forests, and soils, absorb about half of man-made emissions, and Arctic soil alone contains \u201cclose to half of the Earth\u2019s soil carbon pool. That\u2019s much more than there is in the atmosphere, the study\u2019s lead author Anna Virkkala told the Guardian. <\/p>\n<p class=\"tag-border-left\">SCORECARD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Iran aims for 30 GW<\/strong><strong> of renewable energy in four years:<\/strong> Iran plans to generate 30 GW of electricity from renewable sources over the next four years, potentially saving 11 bn cbm of fuel annually and cutting costs by USD 5 to USD 7 bn, <a target=\"_blank\" href=\"https:\/\/ar.irna.ir\/news\/85726740\/%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D8%A7%D9%84%D8%A7%D9%8A%D8%B1%D8%A7%D9%86%D9%8A-%D9%86%D8%AE%D8%B7%D8%B7-%D9%84%D8%A5%D9%86%D8%AA%D8%A7%D8%AC-30-%D8%A3%D9%84%D9%81-%D9%85%D9%8A%D8%BA%D8%A7%D9%88%D8%A7%D8%B7-%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D9%85%D9%86-%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A7%D8%AA\" style=\"\" rel=\"noopener\">IRNA<\/a> reported on Wednesday, citing remarks by the Energy Minister Abbas Aliabadi. Around 2.4 GW of this planned capacity will be online next summer, which will bring new additions in this time frame to 5 GW after including previously planned developments, Aliabadi said. <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"climate\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<br \/><strong>YOU\u2019RE READING EnterpriseAM Climate, the essential MENA publication for senior <\/strong><strong>execs who care about the world\u2019s most important industry. <\/strong>We\u2019re out on Fridays by 9am in Cairo and Riyadh and 11am in the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EnterpriseAM Climate is available without charge <\/strong>thanks to the generous support of our friends at HSBC.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of Enterprise Climate.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">climate@enterprisemea.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">MENA<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics industry<\/a> ?<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.egypes.com\/\" style=\"\" rel=\"noopener\">The Egypt Energy Show<\/a><\/strong><strong> will kick off on Monday, 17 February and run through to <\/strong><strong>Wednesday, 19 February <\/strong>in Cairo. The event will bring together over 47k attendees and will highlight Egypt\u2019s role in driving green energy transformation in the region under the theme \u201cBuilding a secure and sustainable energy future.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong><a target=\"_blank\" href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/environment-authority-to-hold-inaugural-oman-climate-week-february-24-27-2025-uwf3f8c6\" style=\"\" rel=\"noopener\">Oman Climate Week<\/a><\/strong><strong> will begin on Monday, 24 February and run through to Thursday, 27 <\/strong><strong>February <\/strong>in Muscat. The event will facilitate a dialogue on how Oman can align with the Paris Agreement and the goal to reach net zero emissions. Topics of interest include Climate Mitigation, Climate Adaptation, Climate Finance, Carbon Markets, Climate Technologies, Loss & Damage, and Social Inclusion. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>The UAE will host <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.connectinghydrogenmena.com\/\" style=\"\" rel=\"noopener\">Connecting Hydrogen MENA<\/a><\/strong><strong> from Monday, 24 February to Wednesday, <\/strong><strong>29 January<\/strong> in Dubai. The event will be the largest hydrogen event in the region and will bring together over 3k attendees from over 50 countries to discuss collaboration in the sector along with ammonia, manufacturing, and transport. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/adnoc\/\">ADNOC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/blue-ammonia\/\">blue ammonia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/carbon-markets\/\">carbon markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/fertiglobe\/\">Fertiglobe<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-bonds\/\">green bonds<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/interconnector-projects\/\">interconnector projects<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n          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class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n\r\n    <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide mx-auto\">\r\n        <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/25497.png?ssl=1\">\r\n        <div class=\"overlay\"><\/div>\r\n        <div class=\"content\">\r\n            <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/25398.svg\" alt=\"\">\r\n            <\/a>\r\n            <span>Opening up a world of opportunity<\/span>\r\n        <\/div>\r\n    <\/div>\r\n\r\n      <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89093\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"89093\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">GREEN FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/egypt-uae-secure-green-financing-from-afdb-and-hsbc-for-green-transition\/\">\r\n                            Egypt, UAE secure green financing from AfDB and HSBC for green transition                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div 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data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1377.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1377.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1377.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89093\" class=\"content-area-description single-story post-89093 post type-post status-publish format-standard has-post-thumbnail hentry category-green-finance tag-egypt tag-elsewedy-electric tag-enterpriseclimate tag-green-finance tag-hsbc tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.e7adf784-01f3-43f9-a662-ba0588a35e61.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>The African Development Bank (AfDB) approved a USD 170 mn loan to Egypt to promote <\/strong><strong>the green transition<\/strong>, private-sector development, and economic diversification, according to a <a target=\"_blank\" href=\"https:\/\/www.afdb.org\/en\/news-and-events\/press-releases\/african-development-bank-approves-usd-170-million-loan-support-egypts-private-sector-and-economic-diversification-80273\" style=\"\" rel=\"noopener\">press release<\/a> issued on Tuesday. The loan \u2014 devoted to the second phase of Egypt\u2019s Support Programme for Private Sector Development and Economic Diversification \u2013 aims to enhance the business climate in sectors like manufacturing and agribusiness while promoting renewable energy and carbon emission reduction. The World Bank is contributing to this funding phase.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AfDB ? Egypt: <\/strong>AfDB approved <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3868caac-e96b-4242-8374-d988473b436f\/\" style=\"\" rel=\"noopener\">a loan of USD 131 mn<\/a> for the first phase of the program in 2023, with financing contributions from the Japan International Cooperation Agency and Korea\u2019s Economic Cooperation Development Fund. It also extended a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f02e7cd1-cfae-41e0-9d09-47797567c154\/\" style=\"\" rel=\"noopener\">USD 170 mn loan<\/a> for Acwa Power and Hassan Allam Utilities' USD 1.1 bn, 1.1 GW Suez wind farm in Egypt last December.<\/p>\n<p class=\"tag-border-left\">MORE GREEN FINANCE UPDATES FROM THE REGION- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>Cleanmax<\/strong><strong>\u2019 solar projects in UAE get HSBC backing:<\/strong> HSBC has extended a long-term AED 99 mn (c. USD 27 mn) credit facility to CleanMax \u2014 the India-based Brookfield-backed renewable energy provider \u2014 to develop 92 onsite solar projects across the country, Cleanmax said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/1614.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a> on Wednesday. The projects will be implemented in industrial facilities, malls, schools, and universities. The partnership\u2019s financing arrangement includes an uncommitted AED 37 mn (USD 10 mn) allocation for potential future renewable energy projects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>HSBC\u2019s affinity for Indian-led green projects isn\u2019t new: <\/strong>ADIA-backed Indian real estate asset manager Lake Shore secured a USD 143 mn green loan from HSBC to refinance lenders of its Viviana mall acquisition last <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/c434e86f-096d-4144-a6c1-bc40793cf582\/adia-backed-lake-shore-lines-up-usd-143-mn-green-loan\" style=\"\" rel=\"noopener\">October<\/a>. The loan was obtained through Lake Shore\u2019s subsidiary and the mall owner Salsette Developers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Elsewedy<\/strong><strong> achiev<\/strong><strong>es financial close for Greece\u2019s first large-scale BESS: <\/strong>Egypt\u2019s Elsewedy Electric has reached financial close for its 50 MW\/100 MWh battery energy storage system (BESS) project in Central Greece through its wholly owned subsidiary Energy Bank S.A, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/1326.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a> on Monday. The project is expected to be operational by 4Q 2025, <a target=\"_blank\" href=\"https:\/\/almalnews.com\/%d8%a7%d9%84%d8%b3%d9%88%d9%8a%d8%af%d9%8a-%d8%a5%d9%84%d9%8a%d9%83%d8%aa%d8%b1%d9%8a%d9%83-%d8%aa%d9%81%d9%88%d8%b2-%d8%a8%d8%a3%d9%88%d9%84-%d9%85%d8%b4%d8%b1%d9%88%d8%b9-%d9%84%d8%aa\/\" style=\"\" rel=\"noopener\">AlMal<\/a> report.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The financing:<\/strong> The project \u2014 <a target=\"_blank\" href=\"https:\/\/thegreekdeal.com\/article\/143607\" style=\"\" rel=\"noopener\">selected<\/a> in Greece\u2019s first BESS competitive procedure back in July 2023 \u2014 will see its funding come in a mix of loans and grants, including a EUR 10 mn state aid grant, a EUR 5.5 mn loan from the EU\u2019s Recovery and Resilience Fund, alongside EUR 10 mn non-recourse project finance loan from the National Bank of Greece (NBG), according to the statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Elsewedy is no stranger to Greece:<\/strong> In 2019, Elsewedy <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3443bfd1-c160-453e-afbd-94ca2518520f\/%253cmark%253eelsewedy%253c%2Fmark%253e-electric-acquires-share-capital-of-four-greek-renewable-energy-companies-for-eur-55-mn\" style=\"\" rel=\"noopener\">inked a EUR 55 mn agreement<\/a> to acquire stakes in three wind assets and one hydroelectric company from Greece\u2019s R.F. Energy, with the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a0e71741-fc58-4f91-8d91-9538f7699118\/\" style=\"\" rel=\"noopener\">NBG providing a EUR 41.7 mn loan<\/a> to partially finance the acquisition.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>Egypt <\/strong><strong>secures financing facility from Japan to support several priorities, including <\/strong><strong>green transition:<\/strong> Egypt and Japan have signed a development financing agreement for USD 230 mn to support the country\u2019s National Structural Reform Program, according to a <a target=\"_blank\" href=\"https:\/\/moic.gov.eg\/news\/1948?fbclid=IwY2xjawH7OgZleHRuA2FlbQIxMAABHSW1nqa1p0ikIlSLAfJwnGOmHEqVzHjOxQabtsPKDnUtDx6fPBrmrneRuw_aem_Z_fZZGWaID8sLSGuFXBtwg\" style=\"\" rel=\"noopener\">press release<\/a> published last week. The program aims to support the transition to a green economy, enhance macroeconomic stability, and diversify Egypt's production structure by focusing on real economy sectors such as industry and agriculture.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Japan ? Egypt\u2019s green transition:<\/strong> The Japan International Cooperation Agency, Japan Bank for International Cooperation (JBIC), Sumitomo Mitsui Banking Corporation, and Sumitomo Mitsui Trust Bank <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3353d732-aa27-4d6d-95ba-2de58d5edd02\/\" style=\"\" rel=\"noopener\">financed<\/a> Amea Power\u2019s USD 1.1 bn, 560 MW solar plant and 505 MW wind farm in Egypt in 2022. JBIC was also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2921b35e-35ca-423c-8fea-f3fdbf5c17c8\" style=\"\" rel=\"noopener\">interested<\/a> in investing in Egypt\u2019s green hydrogen sector by financing interested Japanese companies and forging partnerships with regional investment funds.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/elsewedy-electric\/\">Elsewedy Electric<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/hsbc\/\">HSBC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89095\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"89095\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">SOLAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/we-have-updates-on-egypts-solar-panel-factory\/\">\r\n                            We have updates on Egypt\u2019s solar panel factory                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/we-have-updates-on-egypts-solar-panel-factory\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The new plant is planned to reach its 1 GW full operational capacity by July 2026, Gendy added. No details on the ownership division were specified.<\/p>\n<p style=\"border-right-style:solid;border-top-width:0pt;border-left-style:solid;orphans:2;text-align:left;padding:0;margin:0;border-right-width:0pt;line-height:1.15;border-left-width:0pt;border-top-style:solid;border-bottom-width:0pt;border-bottom-style:solid;widows:2\"><strong>What\u2019s next? <\/strong>The factory\u2019s production \u2014 previously reported to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f14ca976-f29f-4aff-b153-83c4d903a1b5\/\" style=\"\" rel=\"noopener\">focus<\/a> on the Egyptian and African markets \u2014 is now planned to be shipped off to Europe, Gendy said. AOI is also ready to establish more partnerships with both foreign and Arab investors on solar panel production, AOI head Mokhtar Abdel Latif told Al Mal.<\/p>\n<p style=\"border-right-style:solid;border-top-width:0pt;border-left-style:solid;orphans:2;text-align:left;padding:0;margin:0;border-right-width:0pt;line-height:1.15;border-left-width:0pt;border-top-style:solid;border-bottom-width:0pt;border-bottom-style:solid;widows:2\"><strong>This has been in the works: <\/strong>The two companies inked an agreement <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f14ca976-f29f-4aff-b153-83c4d903a1b5\/\" style=\"\" rel=\"noopener\">last month<\/a> to build the plant \u2014 dubbed the Arab-Swedish Energy Factory (ASEF). <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">IN OTHER <strong>REGIONAL<\/strong> SOLAR NEWS-<\/p>\n<p style=\"border-right-style:solid;border-top-width:0pt;border-left-style:solid;orphans:2;text-align:left;padding:0;margin:0;border-right-width:0pt;line-height:1.15;border-left-width:0pt;border-top-style:solid;border-bottom-width:0pt;border-bottom-style:solid;widows:2\"><strong>#1- PowerChina gets Saudi solar farms EPC contract:<\/strong> Chinese state-owned PowerChina has secured the engineering, procurement, and construction (EPC) contract for the 1.25 GW Al Masaa and 500 MW Al Henakiyah 2 solar projects in Saudi Arabia \u2014 previously <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/236221ee-c747-40ec-a4ee-8a7097b392c1\" style=\"\" rel=\"noopener\">reported<\/a> to have 1.1GW and 400 MW of capacity, respectively, according to a <a target=\"_blank\" href=\"https:\/\/en.powerchina.cn\/2025-01\/22\/c_828861.htm\" style=\"\" rel=\"noopener\">statement<\/a> released on Wednesday. The contract includes the design, procurement, construction, commissioning, and operation and maintenance of the photovoltaic power plants and supporting facilities. The project is being <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/236221ee-c747-40ec-a4ee-8a7097b392c1\" style=\"\" rel=\"noopener\">developed<\/a> by France\u2019s EDF, which secured a Power Purchase Agreement with the Kingdom last December. <\/p>\n<p style=\"border-right-style:solid;border-top-width:0pt;border-left-style:solid;orphans:2;text-align:left;padding:0;margin:0;border-right-width:0pt;line-height:1.15;border-left-width:0pt;border-top-style:solid;border-bottom-width:0pt;border-bottom-style:solid;widows:2\"><strong>About the projects:<\/strong> The projects are estimated to cost USD 850 mn. Masaa is planned to enter operations in 2Q 2027, while the Al Henakiyah 2 plant is expected to be online in 4Q 2026 with financial close planned for early 2025, according to an EDF <a target=\"_blank\" href=\"https:\/\/ksa.edf.com\/en\/news\/two-solar-ipp-projects-won-by-edf-renewables\" style=\"\" rel=\"noopener\">statement<\/a> published in December.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Oman cuts ribbon on Manah 1 & 2 solar plants:<\/strong> Oman\u2019s Nama Power and Water Procurement Company inaugurated the 1 GW Manah 1 and Manah 2 solar projects, <a target=\"_blank\" href=\"https:\/\/timesofoman.com\/article\/154219-hh-sayyid-belarab-inaugurates-landmark-manah-solar-energy-projects\" style=\"\" rel=\"noopener\">Times of Oman<\/a> reported on Monday. Singapore\u2019s Sembcorp Utilities <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4cdc0581-e2b0-4d5f-93e3-4b349657c542\" style=\"\" rel=\"noopener\">completed<\/a> the acceptance tests to begin commercial operations for the Manah 2 last month, four months ahead of schedule.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More on the projects:<\/strong> The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7c3e47e3-bcd8-4236-80d6-b8cebe4c02c2\" style=\"\" rel=\"noopener\">500 MW Manah 1<\/a> was developed by EDF Renewables and Korea Western Power, which will purchase the electricity generated under a 20-year power purchase agreement. The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4cdc0581-e2b0-4d5f-93e3-4b349657c542\" style=\"\" rel=\"noopener\">500 MW Manah 2<\/a> was developed by a joint venture between Sembcorp Utilities and China\u2019s Jinko Power and is backed by a 20-year power purchase agreement with Oman\u2019s Nama Power and Water Procurement Company. Both projects have a total investment ticket of USD 800 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- A <\/strong><strong>possible <\/strong><strong>investment ticket for Saudi\u2019s Al-Sadawi solar plant? <\/strong>UAE's Masdar, Korea Electric Power Corp, and China\u2019s GD Power Development will reportedly form a JV to establish the 2 GW Al Sadawi solar power project in Saudi Arabia, at an investment cost of USD 1.1 bn, Chinese news outlet <a target=\"_blank\" href=\"https:\/\/www.yicaiglobal.com\/news\/chinas-gd-power-tgood-land-big-contracts-for-energy-infrastructure-projects-in-saudi-arabia\" style=\"\" rel=\"noopener\">Yicai Global<\/a> reported last week, citing a statement by the Chinese company. GD Power Development will reportedly have a 40% stake in the project but the entire ownership structure was not disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>State-owned Saudi Power Procurement Company <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ad40e8fc-68b9-4d57-a331-be07f24e5359\/sppc-inks-ppa-for-2-gw-al%253cmark%253e-sadawi%253c%2Fmark%253e-solar-project\" style=\"\" rel=\"noopener\">signed a Power Purchase<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ad40e8fc-68b9-4d57-a331-be07f24e5359\/sppc-inks-ppa-for-2-gw-al%253cmark%253e-sadawi%253c%2Fmark%253e-solar-project\" style=\"\" rel=\"noopener\">Agreement<\/a> for the project with Masdar, Korea Electric Power Corp, and GD Power late last year. The project will roll out commercial operations by 2Q 2027.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/amea-power\/\">Amea Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar\/\">SOLAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89097\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"89097\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">GREEN HYDROGEN<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/south2s-member-nations-sign-intent-agreement\/\">\r\n                            SoutH2\u2019s member nations sign intent agreement                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/south2s-member-nations-sign-intent-agreement\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Algeria\u2019s state-owned <a target=\"_blank\" href=\"https:\/\/sonatrach.com\/\" style=\"\" rel=\"noopener\">Sonatrach<\/a>, Germany\u2019s <a target=\"_blank\" href=\"https:\/\/www.vng.de\/en\" style=\"\" rel=\"noopener\">VNG<\/a>, Italy\u2019s <a target=\"_blank\" href=\"https:\/\/www.snam.it\/it\/home.html\" style=\"\" rel=\"noopener\">Snam<\/a> and <a target=\"_blank\" href=\"https:\/\/www.sea-corridor.com\/en\" style=\"\" rel=\"noopener\">Sea Corridor<\/a>, and Austria\u2019s <a target=\"_blank\" href=\"https:\/\/www.verbund.com\/en-at\" style=\"\" rel=\"noopener\">Verbund<\/a> signed an MoU to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4f4fb3c4-5195-4f55-b4df-3fc0a8ac0e42\/sonatrach-signs-mou-to-conduct-feasibility-studies-to-join-south2-corridor-project\" style=\"\" rel=\"noopener\">launch feasibility studies<\/a> for the 3.3 km hydrogen pipeline connecting North Africa, Italy, Austria, and Germany last October. The project is slated to use over 65% of repurposed infrastructure, using new developments wherever necessary.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- Italy\u2019s <\/strong><strong>Enel <\/strong><strong>is eyeing green hydrogen production in Tunisia: <\/strong>Italy\u2019s Enel Green Power is reportedly working on a pilot project for green hydrogen production in Tunisia, Italian news agency <a target=\"_blank\" href=\"https:\/\/www.adnki.net\/AKI\/archives\/120145\" style=\"\" rel=\"noopener\">Aki<\/a> reported Tuesday, citing Director of Enel\u2019s Green Energy and Thermal Generation division Salvatore Bernab\u00e9. No timeline, capacity, or investment value was disclosed for the project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The interest has been building:<\/strong> An Italian delegation \u2014 including government and private sector officials \u2014 met Tunisian officials last July to discuss the prospect of establishing a green hydrogen production plant in the North African country, Italian news outlet <a target=\"_blank\" href=\"https:\/\/www.agenzianova.com\/en\/news\/piano-mattei-enel-ed-eni-discutono-della-produzione-di-idrogeno-verde-con-la-ministra-dellenergia-tunisina\/\" style=\"\" rel=\"noopener\">Nova News<\/a> reported at the time. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">IN OTHER GREEN HYDROGEN <strong>NEWS<\/strong>-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- More progress for Acme\u2019s green hydrogen project in Oman: <\/strong>China\u2019s Sungrow Hydrogen signed a supply agreement to provide water electrolysis hydrogen production equipment to India\u2019s Acme\u2019s 320 MW green hydrogen and ammonia project in Oman, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/feed\/update\/urn:li:activity:7286643489461751808\/\" style=\"\" rel=\"noopener\">statement<\/a> on Sunday. The Chinese company will provide multiple sets of 1000 Nm3\/h alkaline hydrogen production equipment and flexible green hydrogen production solutions, with plans to complete deliveries throughout 2025. The project is expected to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4cdc0581-e2b0-4d5f-93e3-4b349657c542\" style=\"\" rel=\"noopener\">produce 100k<\/a> tons of green ammonia annually at first, with plans to expand it to 900k tons later.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What\u2019s in the works?<\/strong> Construction for the project\u2019s first phase is currently underway and is planned to be operational in 1Q 2027, according to Acme\u2019s <a target=\"_blank\" href=\"https:\/\/www.acme.in\/green-molecules\" style=\"\" rel=\"noopener\">website<\/a>. The company has been on the bend for suppliers, signing a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4cdc0581-e2b0-4d5f-93e3-4b349657c542\" style=\"\" rel=\"noopener\">supply contract<\/a> with China's Shuangliang Hydrogen last month for green hydrogen production equipment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where will the green hydrogen go?<\/strong> Acme and German-based liquid organic hydrogen carrier Hydrogenious LOHC Technologies <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/482b9bb7-8476-4da9-93cf-0a64a7d2d430\/%253cmark%253eacme%253c%2Fmark%253e-%2B-hydrogenious-team-up-on-green-hydrogen-exports-from-oman-to-europe\" style=\"\" rel=\"noopener\">signed an MoU<\/a> back in April to jointly explore the development of hydrogen supply chains from Acme\u2019s Omani plants to hubs in Europe.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Masdar + Lhyfe to explore green hydrogen projects in Europe: <\/strong>UAE\u2019s Masdar and French renewables player <a target=\"_blank\" href=\"https:\/\/www.lhyfe.com\/\" style=\"\" rel=\"noopener\">Lhyfe<\/a> have signed an MoU to explore co-developing \u201clarge-scale green hydrogen production projects in Europe,\u201d according to a <a target=\"_blank\" href=\"https:\/\/www.lhyfe.com\/press\/lhyfe-and-masdar-join-forces-to-explore-the-co-development-of-major-green-hydrogen-production-projects\/#:~:text=Mohammad%20Abdelqader%20El%20Ramahi%2C%20Chief,the%20future%20green%20hydrogen%20sector.\" style=\"\" rel=\"noopener\">press release<\/a> published last week. The two companies will explore the prospect of collaboration and joint investments throughout the green hydrogen value chain. No timeline or investment value has been disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Masdar<\/strong><strong>\u2019s green hydrogen efforts: <\/strong>Masdar \u2014 which targets <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7d024f5d-91ed-461e-8b08-a0ba6af44d4c\/\" style=\"\" rel=\"noopener\">1 mn ton of green hydrogen<\/a> production by 2030 \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3122849f-8648-4bc2-bb67-3dcdd14d09e8\" style=\"\" rel=\"noopener\">signed an agreement<\/a> with Austria's Verbund Green Hydrogen GmbH to explore the feasibility of establishing a green hydrogen plant in Spain during COP28 back in 2023. It also signed a Joint Development Agreement with Infinity, Hassan Allam Utilities, and BP to explore establishing a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b7921c49-9c4d-454d-a570-bb4ac424497c\" style=\"\" rel=\"noopener\">multi-phase green hydrogen project<\/a> in Egypt last July. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/algeria\/\">Algeria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/sonatrach\/\">Sonatrach<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/tunisia\/\">Tunisia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89099\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"89099\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">MINING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/more-mining-updates-from-saudis-future-minerals-forum\/\">\r\n                            More mining updates from Saudi\u2019s Future Minerals Forum                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/more-mining-updates-from-saudis-future-minerals-forum\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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USD 28.5 bn) at the fourth annual Future Minerals Forum, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/en\/N2244341\" style=\"\" rel=\"noopener\">SPA<\/a> reported last week. Many of the agreements aim to boost the Kingdom's mining, exploration, and value-added minerals supply chains, as well as sustainable production. Here\u2019s what we know so far:<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Sustainable cement by Modon + STA: <\/strong>An industrial contract was signed between the <a target=\"_blank\" href=\"https:\/\/modon.gov.sa\/en\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">Saudi<\/a><a target=\"_blank\" href=\"https:\/\/modon.gov.sa\/en\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">Authority for Industrial Cities & Technology Zones (Modon)<\/a> and sustainable constructor STA Industry to allocate over 120k sqm of industrial land in Al-kharj to produce environmentally friendly cement alternatives, with planned investments of over SAR 195 mn, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/saudi-authority-for-industrial-cities-and-technology-zones_%D8%A8%D8%B1%D8%B9%D8%A7%D9%8A%D8%A9-%D9%88%D8%AD%D8%B6%D9%88%D8%B1-%D9%85%D8%B9%D8%A7%D9%84%D9%8A-%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D8%A9-%D9%88%D8%A7%D9%84%D8%AB%D8%B1%D9%88%D8%A9-%D8%A7%D9%84%D9%85%D8%B9%D8%AF%D9%86%D9%8A%D8%A9-activity-7285682262250065923-yvVM\/?utm_source=social_share_sheet&utm_medium=member_desktop_web\" style=\"\" rel=\"noopener\">statement<\/a> published last week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Modon\u2019s Al-Khunayqiyah industrial mining project:<\/strong> An MoU was signed to develop industrial land near the Al-Khunayqiyah mine, aiming to support mining operations and optimize the extraction of 25 mn tons of raw materials such as zinc, copper, manganese, and gold, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2244446\" style=\"\" rel=\"noopener\">SPA<\/a> reported last Friday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Modon + Energy car batteries: <\/strong>Modon and <a target=\"_blank\" href=\"https:\/\/epc-battery.com\/\" style=\"\" rel=\"noopener\">Saudi Energy Projects Company<\/a> signed an industrial contract allocating over 69k sqm of land in Shaqra industrial city for a car battery manufacturing plant, with over SAR 125 mn planned investments. The project focuses on localizing automotive battery production, creating national supply chains, and enabling exports to global markets, according to a <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/posts\/saudi-authority-for-industrial-cities-and-technology-zones_%D8%A8%D8%B1%D8%B9%D8%A7%D9%8A%D8%A9-%D9%88%D8%AD%D8%B6%D9%88%D8%B1-%D9%85%D8%B9%D8%A7%D9%84%D9%8A-%D9%88%D8%B2%D9%8A%D8%B1-%D8%A7%D9%84%D8%B5%D9%86%D8%A7%D8%B9%D8%A9-%D9%88%D8%A7%D9%84%D8%AB%D8%B1%D9%88%D8%A9-%D8%A7%D9%84%D9%85%D8%B9%D8%AF%D9%86%D9%8A%D8%A9-activity-7285656431280738304-8ms6\/?utm_source=social_share_sheet&utm_medium=member_desktop_web\" style=\"\" rel=\"noopener\">statement<\/a> released last week. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- RCJY + Vale:<\/strong> RCJY and Brazilian miner <a target=\"_blank\" href=\"https:\/\/vale.com\/\" style=\"\" rel=\"noopener\">Vale<\/a> signed a land reservation agreement for a multi-phase Mega Hub at Ras Al-Khair to sustainably produce up to 12 mn tons annually of cold-briquette iron ore, boosting raw materials for domestic and global markets and reducing emissions, according to a <a target=\"_blank\" href=\"https:\/\/vale.com\/w\/vale-and-royal-comission-of-jubail-and-yanbu-sign-land-reservation-agreement-for-multi-million-dollar-mega-hub-at-ras-al-khair\/-\/categories\/1968812\" style=\"\" rel=\"noopener\">press release<\/a> published last week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- Deep-sea mining fund by Mekyal + Atlantis Blu Mining:<\/strong> An MoU between Atlantis Blu Mining GmbH and Saudi\u2019s <a target=\"_blank\" href=\"https:\/\/www.mekyal.com\/en\/\" style=\"\" rel=\"noopener\">Mekyal<\/a> Financial Technology and Marine Mining Company was signed to establish a USD 1.4 bn fund supporting deep-sea mineral exploration and exploitation, <a target=\"_blank\" href=\"https:\/\/english.mubasher.info\/news\/4392986\/Mekyal-Atlantis-Blu-Mining-GmbH-announce-1-4bn-fund-at-FMF-2025\/\" style=\"\" rel=\"noopener\">Mubasher<\/a> reported last week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#6- <\/strong><strong>Ma\u2019aden<\/strong> <strong>also signed an MoU with <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.elementusaminerals.com\/\" style=\"\" rel=\"noopener\">ElementUSA<\/a><\/strong><strong> to deploy the latter\u2019s tech to extract <\/strong><strong>critical and REMs from various waste streams<\/strong>, including red mud and phosphogypsum, according to a <a target=\"_blank\" href=\"https:\/\/www.elementusaminerals.com\/media\/maadenmou\" style=\"\" rel=\"noopener\">press release<\/a> published on Tuesday.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> <strong>The Kingdom is turning into a \u201cmining\u201d Silicon Valley,<\/strong> advancing a massive USD 100 bn investment in its mining sector, including USD 20 bn already in progress, as part of a \u201cfast and furious\u201d push to deepen the Kingdom\u2019s mining footprint and position itself as a global mining powerhouse.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ALSO- <\/strong><strong>Ma\u2019aden<\/strong><strong>inks MoU with SpaceFleet + Tahreez to explore the <\/strong><strong>Arabian Shield<\/strong><strong>: <\/strong>Saudi Arabia\u2019s mining company Ma\u2019aden has inked an MoU with a JV \u2014 comprising Australia\u2019s <a target=\"_blank\" href=\"https:\/\/www.fleetspace.com\/\" style=\"\" rel=\"noopener\">Fleet Space<\/a> and Saudi security outfit <a target=\"_blank\" href=\"https:\/\/tahreez.com\/\" style=\"\" rel=\"noopener\">Tahreez<\/a> \u2014 to explore and develop mineral resources in the Kingdom, according to a <a target=\"_blank\" href=\"https:\/\/www.fleetspace.com\/newsroom\/maaden-signs-mou-with-fleet-space-tahreez-to-unlock-ksas-mineral-potential\" style=\"\" rel=\"noopener\">press release<\/a> published Monday. The collaboration entails leveraging developments in \u201cspace, multiphysics, and AI drill targeting services\u201d and Fleet Space\u2019s vertically integrated mineral exploration technology \u2014 ExoSphere \u2014 to \u201cdrive real-time 3D subsurface imaging\u201d in areas like the Arabian Shield. The timeline and investment ticket of the project were not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the Arabian Shield: <\/strong>The Arabian Shield is a unique stretch of geological terrain, spanning parts of Yemen and Jordan and \u2014 for the most part \u2014 Saudi Arabia, <a target=\"_blank\" href=\"https:\/\/sgs.gov.sa\/en\/pages\/the-precambrian-rocks\" style=\"\" rel=\"noopener\">according to the Saudi Geological Survey<\/a>. It contains valuable sources of different metals and rare earth metals (REMs), such as gold, copper, zinc, lead, tin, tungsten, and uranium. The Saudi government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/bb876ef1-6733-4f17-8498-4aebc2a0527f\" style=\"\" rel=\"noopener\">mapped part of the region<\/a> in partnership with the Chinese Geological Survey \u2014 at a cost of SAR 777 mn (USD 207 mn) \u2014 to locate mineral deposits in 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MORE MINING UPDATES-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- The Saudi <\/strong><strong>government <\/strong><strong>has selected the first wave of qualified companies for the<\/strong> <strong><a target=\"_blank\" href=\"https:\/\/taadeen.sa\/en\/exploration-enablement-program\" style=\"\" rel=\"noopener\">Exploration Enablement Program (EEP)<\/a><\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/mimgov\/status\/1881440550924243455\" style=\"\" rel=\"noopener\">statement<\/a> on Tuesday. The shortlisted firms are Saudi-backed <a target=\"_blank\" href=\"https:\/\/www.royalroadminerals.com\/\" style=\"\" rel=\"noopener\">Royal Road Minerals<\/a>, KSA\u2019s Ajlan & Bros, Ma\u2019aden, Almasane Alkobra (Amak), <a target=\"_blank\" href=\"https:\/\/gmco.com.sa\/\" style=\"\" rel=\"noopener\">Gold and Minerals Company<\/a>, and the Australian battery chemicals company <a target=\"_blank\" href=\"https:\/\/www.evmetalsgroup.com\/\" style=\"\" rel=\"noopener\">EV Metals Group<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Moving forward with the program: <\/strong>The program \u2014 <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d7dc71f7-c0b0-4a5c-852f-d706b9cf6983\/ksa-signs-spate-of-mining-agreements-worth-usd-20-bn-%2B-launches%253cmark%253e-usd-182-mn%253c%2Fmark%253e-mineral-exploration-incentive-program\" style=\"\" rel=\"noopener\">announced early last year<\/a> \u2014 incentivizes critical minerals exploration, including copper, lithium, and nickel, while offsetting costs of drilling, and geophysics and geochemistry surveys. EEP licenses will cover a total area of 4 sqkm and 440k drilling meters. The Saudi government <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e3f31033-8bc1-4a62-bb4e-ae100b7aaa4d\/saudi-shortlists-six-companies-for-mining-exploration-program\" style=\"\" rel=\"noopener\">shortlisted six bidders<\/a> for the first batch of licenses last October, with another wave penciled in for this January.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>Oman <\/strong><strong>grants new copper mining license:<\/strong> Oman\u2019s Ministry of Energy and Minerals has granted Al Haditha Energya mining concession for copper in an area covering 1.4 sqkm in the Al Washhi-Al Majazah site in North Al Sharqiyah Governorate, the <a target=\"_blank\" href=\"https:\/\/timesofoman.com\/article\/154315-oman-signs-two-mining-concession-agreements\" style=\"\" rel=\"noopener\">Times of Oman<\/a> reported on Wednesday. The agreement provides for conducting topographical, geophysical and remote sensing surveys, geological mapping, and geochemical analysis during the first exploration period of three years. The site could contain up to 10 mn tons of extractable copper, the Times of Oman reported.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Major copper action for Oman recently: <\/strong>The Ministry <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/73f76bcd-5794-4544-a75a-b40b76792bab\/\" style=\"\" rel=\"noopener\">granted<\/a> AlTamman Indsil Ferrochrome a mining concession for chrome and copper in an area covering 790 sqkm in North Al Sharqiyah Governorate last month. Minerals Development Oman\u2019s (MDO) subsidiary Mazoon Mining broke ground on its integrated copper concentrate complex in Yanqul Governorate back in November. The project \u2014 planned for operational launch in 1Q 2027 \u2014 spans an area of 20 sq km, with estimated copper ore reserves of 22.9 mn tons. The project will also feature a plant with an annual processing capacity of 2.5 mn tons of copper ore and a production capacity of 115k tons of copper concentrate at a grade of 21.5%.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/critical-mineral\/\">critical mineral<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/maaden\/\">Maaden<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mining\/\">MINING<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/modon-holding\/\">Modon Holding<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/pif\/\">PIF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89101\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"89101\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">WIND<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/meridiam-to-co-develop-acwa-and-hau-gulf-of-suez-wind-farm\/\">\r\n                            Meridiam to co-develop Acwa and HAU Gulf of Suez wind farm                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/meridiam-to-co-develop-acwa-and-hau-gulf-of-suez-wind-farm\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Construction of the project is expected to start this month, with full commercial operations set to begin in 2Q 2027. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s more in the pipeline: <\/strong>Meridiam has signed a long-term strategic partnership with Hassan Allam Utilities and the European Bank for Reconstruction and Development (EBRD) to develop and invest in several renewable energy projects in Egypt. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sounds familiar? <\/strong>The trio <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c827e2dd-f9be-4e4a-8657-a694680d5764\/\" style=\"\" rel=\"noopener\">partnered<\/a> last year to raise capital to invest in local renewable energy projects last year, allocating some USD 300 mn, of which USD 75 mn was from the EBRD, for the wind farm.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>Acwa Power and HAU reached a financial close for their <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e3ed2027-cdd1-42e0-b0cd-8dcc7a828f9f\" style=\"\" rel=\"noopener\">USD 1.2 bn<\/a> mega Suez wind farm earlier this month. The first of the project\u2019s two phases will see the firms establish 550 MW worth of capacity in Ras Shukeir, with the second phase set to see an additional 550 MW installed in Ras Ghareb. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND- <\/strong><strong>Shanghai<\/strong><strong>-based <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.envision-group.com\/\" style=\"\" rel=\"noopener\">Envision Energy<\/a><\/strong><strong> won the contract to equip <\/strong><strong>the farm<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.prnewswire.com\/ae\/news-releases\/transforming-menas-energy-landscape-envision-energy-set-to-power-egypts-gigawatt-scale-wind-project-302355956.html\" style=\"\" rel=\"noopener\">press release<\/a> published on Tuesday. The agreement includes the delivery of 138 wind turbines with a capacity of 8 MW each and 25 years of maintenance services. Envision\u2019s tech also includes its Galileo system, which helps define precise load conditions for component and system testing.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/acwa-power\/\">ACWA Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/hassan-allam\/\">Hassan Allam<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wind\/\">wind<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wind-energy\/\">Wind Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89103\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"89103\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/green-tech-nuclear-solar-and-mining-updates-from-uae-ksa-and-egypt\/\">\r\n                            Green tech, nuclear, solar, and mining updates from UAE, KSA, and Egypt                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/green-tech-nuclear-solar-and-mining-updates-from-uae-ksa-and-egypt\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/green-tech-nuclear-solar-and-mining-updates-from-uae-ksa-and-egypt\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/green-tech-nuclear-solar-and-mining-updates-from-uae-ksa-and-egypt\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Green tech, nuclear, solar, and mining updates from UAE, KSA, and Egypt&url=https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/green-tech-nuclear-solar-and-mining-updates-from-uae-ksa-and-egypt\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/green-tech-nuclear-solar-and-mining-updates-from-uae-ksa-and-egypt\/&title=Green tech, nuclear, solar, and mining updates from UAE, KSA, and Egypt\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Green+tech%2C+nuclear%2C+solar%2C+and+mining+updates+from+UAE%2C+KSA%2C+and+Egypt+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2025%2F01%2F24%2Fgreen-tech-nuclear-solar-and-mining-updates-from-uae-ksa-and-egypt%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/green-tech-nuclear-solar-and-mining-updates-from-uae-ksa-and-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89103\" class=\"content-area-description single-story post-89103 post type-post status-publish format-standard hentry category-also-on-our-radar tag-acwa-power tag-adnoc tag-also-on-our-radar tag-bess tag-critical-minerals tag-egypt tag-enterpriseclimate tag-green-finance tag-green-tech tag-iraq tag-maaden tag-oman tag-solar-energy tag-uae tag-wind-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.b577a6ca-a497-4ddc-955e-2e31f04f2885.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">WASTE MANAGEMENT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tunisia<\/strong> <strong>has approved several projects to<\/strong><strong> improve waste management across the <\/strong><strong>country<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/pm.gov.tn\/ar\/article\/alajtma-althwany-lljnt-allya-llmshary-alkbry\" style=\"\" rel=\"noopener\">statement<\/a> published on Wednesday. The projects include an expansion of a waste management facility in the Sfax governorate, the construction of a waste management plant in the Gafsa governorate, and the commencement of feasibility studies for waste management facilities in Ariana, Manouba, Bizerte, Kairouan, Madaniyin, Mahdia, Monastir, Sousse governorates and Greater Tunis. The total cost of the projects was not disclosed.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> Tunisia\u2019s parliament approved the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d4f514c0-e35c-4532-9ee6-78a6b2233140+\" style=\"\" rel=\"noopener\">Finance Bill 2025<\/a> which proposed an expansion of the Pollution Control Fund to add a new TND 20 mn financing line for investments in the green, blue, and circular economy projects. The fund contributes to financing operations aimed at reducing pollution, particularly, the collection and recycling of plastic waste, waste management, and expenses of the National Waste Management Agency.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">GREEN TECH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- <\/strong><strong>UAE\u2019s <\/strong><strong>Dana Gas <\/strong><strong>will deploy<\/strong><strong> UK-based Levidian\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.levidian.com\/loop\" style=\"\" rel=\"noopener\">Loop carbon capture technology<\/a><\/strong><strong> into <\/strong><strong>its operations this year in a pilot project<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/1595.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a> issued on Wednesday. Dana Gas and Levidian inked an agreement back in September to finalize the engineering and design of the pilot unit, which captures carbon from methane to convert it into graphene and clean hydrogen.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Commercialization is next: <\/strong>The two companies hope to commercialize the project, tapping customers for graphene production offtake. The project includes plans to scale up to units capable of producing over 15 tons per year based on market demand.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE ? Loop:<\/strong> Adnoc Gas and US energy tech firm Baker Hughes <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d5d2808d-13bb-417f-bc63-29df0ed8364d\/\" style=\"\" rel=\"noopener\">deployed<\/a> Levidian\u2019s Loop tech at Adnoc\u2019s Habshan gas plant earlier this month. Levidian had plans to establish a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/43e0d712-fc73-4768-93d9-0714897f64c7\/\" style=\"\" rel=\"noopener\">USD 100 mn<\/a> manufacturing facility for its tech in Abu Dhabi. The Abu Dhabi Waste Management Center (Tadweer) also partnered with Levidian <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a1d0da1c-8b2e-47b8-afbb-de4fb0cb4d39\/\" style=\"\" rel=\"noopener\">to use the tech<\/a> last year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Morocco grants <\/strong><strong>Sparc Hydrogen <\/strong><strong>its first patent for its solar hydrogen tech:<\/strong> Australia\u2019s <a target=\"_blank\" href=\"https:\/\/www.sparchydrogen.com\/\" style=\"\" rel=\"noopener\">Sparc<\/a><a target=\"_blank\" href=\"https:\/\/www.sparchydrogen.com\/\" style=\"\" rel=\"noopener\">Hydrogen<\/a> \u2014 a JV between <a target=\"_blank\" href=\"https:\/\/sparctechnologies.com.au\/\" style=\"\" rel=\"noopener\">Sparc Technologies<\/a> and <a target=\"_blank\" href=\"https:\/\/www.adelaide.edu.au\/\" style=\"\" rel=\"noopener\">Adelaide University<\/a> \u2014 has received the first patent for its photocatalytic water splitting reactor technology in Morocco, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/1214.pdf\" style=\"\" rel=\"noopener\">press release (pdf)<\/a> issued last week. Applications for patent protection in 17 other countries are ongoing. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the reactor tech: <\/strong>The reactor\u2019s solar design leverages the full solar spectrum to enhance photocatalytic water-splitting efficiency for hydrogen production. By using concentrated solar radiation, it accelerates reaction rates and reduces the amount of photocatalyst material needed, making hydrogen production less energy-intensive, scalable, and cost-effective. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- <\/strong><strong>NextGen FDI<\/strong><strong> + Climate First to boost UAE\u2019s climate-tech ecosystem:<\/strong> The <a target=\"_blank\" href=\"https:\/\/www.moec.gov.ae\/en\/nextgenfdi\" style=\"\" rel=\"noopener\">UAE\u2019s<\/a><a target=\"_blank\" href=\"https:\/\/www.moec.gov.ae\/en\/nextgenfdi\" style=\"\" rel=\"noopener\">Economy Ministry\u2019s NextGen FDI<\/a> initiative has partnered with European private equity firm <a target=\"_blank\" href=\"https:\/\/climatefirst.vc\/about-us\/\" style=\"\" rel=\"noopener\">Climate First<\/a> to accelerate the development of the UAE\u2019s climate-tech sector, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/bhqhl9e-nextgen-fdi-climate-first-partner-accelerate-uaes\" style=\"\" rel=\"noopener\">Wam<\/a> reported last week. The collaboration \u2014 which debuted with the Climate First UAE Roadshow held during Abu Dhabi Sustainability Week \u2014 will see Climate First bringing its portfolio of climate tech companies to the UAE for networking and partnership prospects.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A full lineup at the roadshow:<\/strong> Five climate-tech innovators \u2014 <a target=\"_blank\" href=\"https:\/\/climeworks.com\/\" style=\"\" rel=\"noopener\">Climeworks<\/a>, <a target=\"_blank\" href=\"https:\/\/energydome.com\/\" style=\"\" rel=\"noopener\">Energy Dome<\/a>, <a target=\"_blank\" href=\"https:\/\/zero.aviva.co.uk\/\" style=\"\" rel=\"noopener\">Aviva Zero<\/a>, <a target=\"_blank\" href=\"https:\/\/www.cylib.de\/\" style=\"\" rel=\"noopener\">Cylib<\/a>, and <a target=\"_blank\" href=\"https:\/\/www.glasspoint.com\/\" style=\"\" rel=\"noopener\">Glasspoint<\/a> \u2014 participated in the roadshow to explore partnerships with UAE stakeholders driving decarbonization efforts. The companies are specialized solutions, including direct air capture, battery recycling, hydrogen-electric aviation, and solar steam generators for industrial processes. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">GREEN INFRASTRUCTURE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai\u2019s Green Data Center gets a second phase: <\/strong>Digital Dewa subsidiary Moro Hub launched the second phase of its Green Data Center project at the Mohammed bin Rashid Al Maktoum Solar Park, according to a Dubai Media Office <a target=\"_blank\" href=\"https:\/\/mediaoffice.ae\/ar\/news\/2025\/january\/22-01\/maktoum-bin-mohammed-inaugurates-second-phase-of-moro-hub-green-data-centre\" style=\"\" rel=\"noopener\">statement<\/a>. The carbon-neutral project \u2014 planned to be implemented in 10 phases \u2014 will operate fully on solar power with a total capacity exceeding 100 MW. The first phase was launched in 2023.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">SOLAR-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>#1-<\/strong> <strong>Morocco boosts solar grid with USD 55 mn investment: <\/strong>Morocco\u2019s National Office of Electricity and Drinking Water has commissioned two 400 kV power lines to connect the El Ouali substation to the planned <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/630a8192-837b-4d25-be26-371076c825bf\/morocco%25e2%2580%2599s%253cmark%253e-masen%253c%2Fmark%253e-prequalifies-eight-consortiums-for-1.6-gw-solar-farm\" style=\"\" rel=\"noopener\">1<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/630a8192-837b-4d25-be26-371076c825bf\/morocco%25e2%2580%2599s%253cmark%253e-masen%253c%2Fmark%253e-prequalifies-eight-consortiums-for-1.6-gw-solar-farm\" style=\"\" rel=\"noopener\">.6 GW<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/630a8192-837b-4d25-be26-371076c825bf\/morocco%25e2%2580%2599s%253cmark%253e-masen%253c%2Fmark%253e-prequalifies-eight-consortiums-for-1.6-gw-solar-farm\" style=\"\" rel=\"noopener\">Midelt<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/630a8192-837b-4d25-be26-371076c825bf\/morocco%25e2%2580%2599s%253cmark%253e-masen%253c%2Fmark%253e-prequalifies-eight-consortiums-for-1.6-gw-solar-farm\" style=\"\" rel=\"noopener\">solar<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/630a8192-837b-4d25-be26-371076c825bf\/morocco%25e2%2580%2599s%253cmark%253e-masen%253c%2Fmark%253e-prequalifies-eight-consortiums-for-1.6-gw-solar-farm\" style=\"\" rel=\"noopener\">power project<\/a> at an investment cost of MAD 550 mn (c USD 55.13 mn), according to a <a target=\"_blank\" href=\"http:\/\/www.one.org.ma\/fr\/pages\/actua.asp?esp=2&id1=8&id2=70&t2=1&id=3620\" style=\"\" rel=\"noopener\">statement<\/a> published Wednesday. A 400 MWh battery energy storage system was reported as part of the planned Midelt development. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- <\/strong><strong>The Jordanian Cabinet has granted approvals to <\/strong><strong>three renewable energy projects<\/strong>, state news agency <a target=\"_blank\" href=\"https:\/\/petra.gov.jo\/Include\/InnerPage.jsp?ID=302232&lang=ar&name=news\" style=\"\" rel=\"noopener\">Petra<\/a> reported on Sunday. The cabinet approved a 30 MW renewable power generation project, a 6 MW floating solar energy project by the Arab Potash Company in the southern Jordan Valley, and a grid-integrated 100 MW solar power generation project for the Jordanian Armed Forces in the Aqaba Special Economic Zone.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>There\u2019s more:<\/strong> The cabinet also extended the customs and sales tax exemptions granted for renewable energy and energy efficiency systems, devices, and equipment until 28 February.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WASTE-TO-ENERGY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>The Baghdad municipality has signed an investment contract with an undisclosed <\/strong><strong>foreign firm to develop the city\u2019s first 100 MW waste-to-energy<\/strong> <strong>project<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/web.facebook.com\/share\/p\/1HsCoNZ5vt\/\" style=\"\" rel=\"noopener\">statement<\/a> published Sunday. The project \u2014 located in the Nahrawan area in Diyala Governorate \u2014 is slated to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b25ef8fa-b067-4b5c-a729-d4ee674d5453\/nio-partners-with-forseven-to-unroll-its-evs-in-uae\" style=\"\" rel=\"noopener\">process 3k tons of waste per day<\/a>, with power generation efficiency higher than 30% and a landfill rate of less than 5%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong>The project saw <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/49e9b05d-b30e-428c-8be7-69fec3f4bc84\/today:-sonelgaz-and-cosider-kick-off-a-new-solar-project-%2B-egypt-earmarks-bns-for-food-security,-sets-aside-more-land-for-renewables\" style=\"\" rel=\"noopener\">15 bids made by local and international companies<\/a> to design, build, own, and operate the facility in April last year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Iraq paving the way for WtE:<\/strong> Iraqi officials first <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/af478392-b4e6-45f5-912f-3d4445011463\/today:-saudi-arabia-launched-massive-supply-chain-initiative-%2B%253cmark%253e-iraq%253c%2Fmark%253e-is-working-on-its-waste-to-energy-law\" style=\"\" rel=\"noopener\">began drafting legislation<\/a> to encourage investments in waste-to-energy projects in 2022. Waste produced in Baghdad reportedly stands at 9.5k tons per day. The government is also planning another waste-to-energy facility to be established in Abu Ghraib, the <a target=\"_blank\" href=\"https:\/\/www.ina.iq\/225478--.html\" style=\"\" rel=\"noopener\">Iraqi News Agency<\/a> reported last week.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">NUCLEAR- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UAE\u2019s Enec eyes global expansion:<\/strong> The Emirates Nuclear Energy Corporation (Enec) plans to expand internationally after completing the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/9bb3b9fc-323a-4904-8b7d-6e5a237ff9c9\/iota-launches-usd-10-mn-investment-fund-%2B%253cmark%253e-barakah%253c%2Fmark%253e-nuclear-plant-is-now-online\" style=\"\" rel=\"noopener\">Barakah Nuclear Energy Plant<\/a> last year, CEO Mohamed Al Hammadi told <a target=\"_blank\" href=\"https:\/\/asharqbusiness.com\/power\/67034\/%D8%A8%D8%B9%D8%AF-%D8%A3%D9%88%D9%84-%D9%85%D8%AD%D8%B7%D8%A9-%D8%AE%D9%84%D9%8A%D8%AC%D9%8A%D8%A9-%D8%A7%D9%84%D8%A5%D9%85%D8%A7%D8%B1%D8%A7%D8%AA-%D9%84%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D8%A7%D9%84%D9%86%D9%88%D9%88%D9%8A%D8%A9-%D8%AA%D8%AA%D9%88%D8%B3%D8%B9-%D8%B9%D8%A7%D9%84%D9%85%D9%8A%D8%A7\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> last week. The company is in talks to develop projects worldwide and is focused on the US, the Global South, Europe, and the Philippines. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Egypt<\/strong> <strong>greenlights RSWE wind farm expansion:<\/strong> Egypt has given final approval to Red Sea Wind Energy (RSWE) \u2014 a JV between Orascom Construction, Japan\u2019s Toyota Tsusho Corporation\/Eurus Energy Holdings Corporation, and France\u2019s Engie \u2014 to add 150 MW of capacity to the 500 MW farm. Egypt\u2019s cabinet approved the bid to add capacity <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8a6e9d0a-9151-414c-b5d3-ab79b1d8b440\" style=\"\" rel=\"noopener\">last August<\/a>. The company must complete and deliver the wind farm within the original budget and deadline in August 2025. (<a target=\"_blank\" href=\"https:\/\/www.engie.com\/en\/news\/construction-onshore-wind-farm-egypt\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Namaa Water <\/strong><strong>expands wastewater infrastructure in Oman:<\/strong> Namaa Water has completed the expansion of wastewater treatment plants in Oman\u2019s AlKhaboura and Suwaiq municipalities, which collectively treat 4.5k cbm of wastewater daily, with future capacity increases planned. Namaa is also advancing wastewater infrastructure in Musannah and Sohar. (<a target=\"_blank\" href=\"https:\/\/www.omannews.gov.om\/topics\/ar\/7\/show\/445182\/ona\" style=\"\" rel=\"noopener\">Oman News Agency<\/a>) <\/li>\n<li><strong>Morocco tests energy transition support scheme:<\/strong> Morocco launched a preliminary program to support the transition to solar-powered water irrigation stations. The program\u2019s beneficiaries will receive financial assistance to purchase and install equipment for up to 30% of the project (MAD 30K), impacting an area extending 51k hectares. (<a target=\"_blank\" href=\"https:\/\/www.mapnews.ma\/en\/actualites\/economy\/morocco-launches-program-support-solar-energy-transition-water-pumping-51000-ha\" style=\"\" rel=\"noopener\">MAP<\/a>)<\/li>\n<\/ul>\n<ul>\n<li><strong>Oman to ramp up hydrogen <\/strong><strong>& EV infrastructure:<\/strong> Oman\u2019s Transport, Communications, and Information Technology Ministry will build the Sultanate\u2019s first hydrogen station and launch a unified platform for EV chargers. The initiative also includes implementing the Green Corridors project to facilitate hydrogen-powered trucks. (<a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/arab-and-world\/gulf\/2025\/01\/22\/%D8%B9%D9%85%D8%A7%D9%86-%D8%AA%D9%86%D8%B4%D8%A6-%D8%A3%D9%88%D9%84-%D9%85%D8%AD%D8%B7%D8%A9-%D9%87%D9%8A%D8%AF%D8%B1%D9%88%D8%AC%D9%8A%D9%86-\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/acwa-power\/\">ACWA Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/adnoc\/\">ADNOC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/bess\/\">BESS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/critical-minerals\/\">critical minerals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-tech\/\">green tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/iraq\/\">Iraq<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/maaden\/\">Maaden<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wind-energy\/\">Wind Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89105\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"89105\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD THIS WEEK<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/australia-to-invest-aud-bns-in-energy-transition\/\">\r\n                            Australia to invest AUD bns in energy transition                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/australia-to-invest-aud-bns-in-energy-transition\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Here is what we know:<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- AUD 2 bn to support households\u2019 + small businesses\u2019 clean transition: <\/strong>The Albanese government earmarked AUD 2 bn (c. USD 1.26 bn) into the Clean Energy Finance Corporation (CEFC) to accelerate the country\u2019s shift to renewable energy, according to a <a target=\"_blank\" href=\"https:\/\/www.pm.gov.au\/media\/albanese-government-builds-australias-future-new-investment-clean-energy-finance-corporation\" style=\"\" rel=\"noopener\">statement<\/a> released on Thursday. The CEFC plans to leverage this investment to offer cost savings for households and small businesses transitioning to clean energy while unlocking an estimated USD 6 bn (c. USD 3.78 bn) in private investment from local and global entities.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><br \/>#2- <\/strong><strong>USD 1.2 bn in credits for greener aluminum production:<\/strong> The country is also offering ten-year production credits worth USD 1.2 bn to aluminum producers if they switch to renewable electricity before 2036, according to a <a target=\"_blank\" href=\"https:\/\/www.pm.gov.au\/media\/aluminium-forge-australias-manufacturing-future\" style=\"\" rel=\"noopener\">statement<\/a> issued on Monday. The move is part of the government's Future Made in Australia program, which has already pledged AUD 22.7 bn (c. USD 14.23 bn) in tax incentives for renewable hydrogen and critical minerals production starting in 2028, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-01-19\/australia-plans-1-2-billion-credit-for-green-aluminum-industry?srnd=phx-green\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported Sunday. Australia is <a target=\"_blank\" href=\"https:\/\/aluminium.org.au\/australian-industry\/australian-aluminium\/\" style=\"\" rel=\"noopener\">the world\u2019s sixth-largest aluminum producer<\/a>, with four smelters nationwide.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Greenpeace <\/strong><strong>victorious in nitrogen pollution case: <\/strong>A court in The Hague has ordered the Dutch government to cut its nitrogen emission by 2030 or potentially face a EUR 10 mn fine, ruling in favor of Greenpeace, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/climate-energy\/dutch-court-orders-government-cut-nitrogen-emissions-2025-01-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported Wednesday. The judges found that the administration\u2019s efforts to cut nitrogen emissions by 2030 were insufficient to curb pollution from the heavy use of fertilizers and construction. The European Court of Justice made a similar ruling in 2018, as well as the Netherlands' Council of State in 2019. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Microsoft to offset carbon emissions rehabilitating the Amazon forest:<\/strong> Microsoft agreed to buy 3.5 mn credits over 25 years from <a target=\"_blank\" href=\"https:\/\/re.green\/en\/\" style=\"\" rel=\"noopener\">Re.green<\/a>, a Brazilian start-up that restores farming and cattle land by planting native tree species. The initiative \u2014 valued at around USD 200 mn \u2014 aims to offset the tech giant's AI-driven surge in greenhouse gas emissions. (<a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/3ac7e92f-bea5-4460-8791-23a2697d8b80\" style=\"\" rel=\"noopener\">The Financial Times<\/a>) <\/li>\n<li><strong>PwC consortium tapped to set up EUR 9 mn trading platform for minerals + <\/strong><strong>energy: <\/strong>The EU has reportedly tapped PriceWaterhouseCoopers (PwC) and Slovak software firm Sf\u00e9ra to develop a joint purchasing platform for critical minerals and energy at an investment cost of EUR 9 mn. The trading platform \u2014 slated to launch this year \u2014 will include critical minerals, hydrogen, biomethane, and natural gas. (<a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/commodities\/eu-picks-pwc-consortium-minerals-energy-platform-eu-source-says-2025-01-22\/\" style=\"\" rel=\"noopener\">Reuters<\/a>) <\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/around-the-world-this-week\/\">AROUND THE WORLD THIS WEEK<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/bess\/\">BESS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/joe-biden\/\">Joe Biden<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89107\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"89107\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">CLIMATE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/climate-disasters-could-be-the-markets-next-crisis\/\">\r\n                            Climate disasters could be the market\u2019s next crisis                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/climate-disasters-could-be-the-markets-next-crisis\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/climate-disasters-could-be-the-markets-next-crisis\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/climate-disasters-could-be-the-markets-next-crisis\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Climate disasters could be the market\u2019s next crisis&url=https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/climate-disasters-could-be-the-markets-next-crisis\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/climate-disasters-could-be-the-markets-next-crisis\/&title=Climate disasters could be the market\u2019s next crisis\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Climate+disasters+could+be+the+market%E2%80%99s+next+crisis+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2025%2F01%2F24%2Fclimate-disasters-could-be-the-markets-next-crisis%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/climate-disasters-could-be-the-markets-next-crisis\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1561.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"89108\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/climate-disasters-could-be-the-markets-next-crisis\/1561-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1561.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1561.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1561.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2025\/1\/1561.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89107\" class=\"content-area-description single-story post-89107 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-in-the-news tag-climate-change tag-climate-in-the-news tag-enterpriseclimate tag-net-zero wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.0452093e-7bd0-4eae-9dd2-acc230abc4b4.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Floods, droughts, and wildfires driven by climate change could spark panic <\/strong><strong>across financial markets<\/strong>, the <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/c907d5f7-1a85-4527-8970-d0e157138f7e\" style=\"\" rel=\"noopener\">Financial Times<\/a> reported last week, citing a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/1\/1328.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a> from The Financial Stability Board. The report highlighted risks of a broad pullback in lending and a downturn in investor confidence as financial institutions reassess climate-related risks. \u201cBanks could reduce lending, including for recovery, to already vulnerable households and corporates,\u201d the FSB said, cautioning that a sharp repricing of climate risks could ripple across sectors and regions not directly affected by disasters.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Ins. under pressure:<\/strong> The Swiss-based watchdog also flagged growing challenges in the ins. sector, noting rising premiums in high-risk areas and ins. firms withdrawing from vulnerable markets. The FSB also pointed to data showing that 62% of global losses from natural disasters in 2023 were uninsured, warning that poorly managed risks could create \u201ccorrelated shocks\u201d throughout the financial system. Unchecked climate risks can also be linked to higher government borrowing costs and cross-border economic spillovers. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Ins. for risk management isn\u2019t the silver bullet it\u2019s made out to be for developing nations.<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2e7beed0-7b1a-4ef4-8d47-346929414d63\/\" style=\"\" rel=\"noopener\">African countries<\/a> \u2014 which contribute the least to global climate change but lose a staggering 15% of GDP per capita to climate shocks each year \u2014 are leaning on parametric ins. to offset financial risks from climate disasters. However, the benefits often fall short of expectations. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-in-the-news\/\">CLIMATE IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/net-zero\/\">net-zero<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89109\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"89109\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/chinese-researchers-develop-system-to-convert-co2-into-protein\/\">\r\n                            Chinese researchers develop system to convert CO2 into protein                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/chinese-researchers-develop-system-to-convert-co2-into-protein\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The system addresses both climate change and food security by repurposing CO2 into an edible and highly nutritious protein source. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>How <\/strong><strong>does it work?<\/strong> The process involves two stages; a microbial electrosynthesis that transforms CO2 into acetate, a form of salt, which is then fed aerobic bacteria to produce protein with a concentration of 74% higher than soybean and fish. The system\u2019s efficiency was measured at 17.4 g\/L dry cell weight, with applications for both human and animal consumption.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The design has high potential:<\/strong> Unlike traditional protein production methods, the system requires minimal pH adjustments during operations, significantly lowering costs and complexity. It also produces less wastewater, reducing the environmental footprint and minimizing cleanup expenses. The system\u2019s streamlined design could make large-scale protein production cheaper and more environmentally friendly. <\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/carbon-storage\/\">CARBON STORAGE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/decarbonization\/\">decarbonization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/food-security\/\">food security<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-tech\/\">green tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/on-your-way-out\/\">ON YOUR WAY OUT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"89111\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2025\/01\/24\/89111\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-89111\" class=\"content-area-description single-story post-89111 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JANUARY 2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>28-29 January (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/sustainmideast.com\/\" style=\"\">Sustainability Forum Middle East<\/a><\/span><span style=\"font-weight:400;\">, Manama, Bahrain.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">FEBRUARY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>11-13 February (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/aue-sa.com\/en\/\" style=\"\">General Conference of the Arab Union of Electricity<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>17-19 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.egypes.com\/\" style=\"\">Egypt Energy Show<\/a><\/span><span>, Cairo, Egypt. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>23-25 February (Sunday- Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/gweccc.com\/\" style=\"\">Global Water Energy and Climate Change Congress<\/a><\/span><span style=\"font-weight:400;\">, Manama, Bahrain.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>24-26 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mena.gh2events.com\/\" style=\"\">Connecting<\/a><\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mena.gh2events.com\/\" style=\"\">Hydrogen MENA<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>24-27 February (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/environment-authority-to-hold-inaugural-oman-climate-week-february-24-27-2025-uwf3f8c6\" style=\"\">Oman Climate Week<\/a><\/span><span style=\"font-weight:400;\">, Muscat, Oman. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">APRIL  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>7-9 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.middleeast-energy.com\/en\/home.html\" style=\"\">Middle East Energy<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-12 April (Thursday-Saturday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/solarexistanbul.com\/en\/\" style=\"\">SolarEX Istanbul<\/a><\/span><span style=\"font-weight:400;\">, Istanbul, Turkey.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-15 April (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.karbonzirvesi.com\/\" style=\"\">Istanbul Carbon Summit<\/a><\/span><span style=\"font-weight:400;\">, Istanbul, Turkey.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-17 April (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.linkedin.com\/pulse\/5th-edition-international-conference-functional-cofmer-ahmed-rhallabi-qofee\/\" style=\"\">International Conference on Functional Materials and Renewable Energies (COFMER)<\/a><\/span><span style=\"font-weight:400;\">, Tangier, Morocco. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>21-23 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/abudhabi.evinnovationsummit.com\/\" style=\"\">Electric Vehicle Innovation Summit (EVIS)<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>7-9 May (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.irenec.org\/eng\/\" style=\"\">International Renewable Energy Conference (IRENEC)<\/a><\/span><span style=\"font-weight:400;\">, Istanbul, Turkey. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>17-20 June (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tap.info.tn\/en\/Portal-Economy\/17936683-tunis-to-host\" style=\"\">Mediterranean Water, Irrigation and Photovoltaic Exhibition<\/a><\/span><span style=\"font-weight:400;\">, Tunisia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20-21 October (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/retrofittechksa.com\/\" style=\"\">Sustainable Buildings and RetrofitTech Saudi Summit<\/a><\/span><span>, Riyadh, KSA<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">NOVEMBER<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25-26 November (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/www.retrofittechbahrain.com\/\" style=\"\">Sustainable Buildings and RetrofitTech Bahrain Summit<\/a><\/span><span style=\"font-weight:400;\">, Manama, Bahrain.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">EVENTS WITH NO SET DATE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">2024 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>End-2024: Emirati <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/ar.ae\" style=\"\">Masdar<\/a><\/span><span>\u2019s 500 MW wind farm in Uzbekistan to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/09\/01\/central-asias-largest-wind-farm-brought-to-you-by-masdar-79878\/\" style=\"\">begin commercial operations<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/Home.aspx\" style=\"\">QatarEnergy<\/a><\/span><span>\u2019s industrial cities solar power project <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/30\/could-fdi-help-egypts-solar-industry-traverse-the-fx-crisis-79599\/\" style=\"\">will start electricity<\/a><\/span><span style=\"font-weight:400;\"> production. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>November: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.almamlakatv.com\/news\/142146-%D9%85%D9%86%D8%AA%D8%AF%D9%88%D9%86-%D9%8A%D9%88%D8%B5%D9%88%D9%86-%D8%A8%D8%AA%D9%88%D9%81%D9%8A%D8%B1-20-%D8%A3%D9%84%D9%81-%D9%81%D8%B1%D8%B5%D8%A9-%D8%B9%D9%85%D9%84-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D8%A8%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D8%A7%D9%84%D8%AD%D9%8A%D9%88%D9%8A%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D8%AF%D9%88%D9%84-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9\" style=\"\">Arab Forum for Renewable Energy and Energy Efficiency<\/a><\/span><span style=\"font-weight:400;\">, Amman, Jordan.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2025 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iucn.org\/our-union\/iucn-world-conservation-congress\" style=\"\">International Union for Conservation of Nature World Conservation Congress<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>UAE to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/09\/01\/uae-may-be-getting-more-evs-79880\/\" style=\"\">have over 1k<\/a><\/span><span style=\"font-weight:400;\"> EV charging stations installed. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/expo-sharjah-signs-partnership-agreement-to-launch-the-middle-east-electric-vehicle-show-2025-htkk34ud\" style=\"\">Middle East Electric Vehicle Show<\/a><\/span><span style=\"font-weight:400;\">, Sharjah, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2026 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>26-29 October (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.spa.gov.sa\/en\/N2002883\" style=\"\">World Energy Congress<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/uitpsummit.org\/\" style=\"\">UITP Global Public Transport Summit<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldbank.org\/en\/news\/press-release\/2023\/04\/19\/imf-and-the-world-bank-group-to-hold-2026-annual-meetings-in-bangkok-thailand\" style=\"\">Annual Meetings of the World Bank and the International Monetary Fund<\/a><\/span><span style=\"font-weight:400;\">, Bangkok, Thailand.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>1Q 2026: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/Home.aspx\" style=\"\">QatarEnergy<\/a><\/span><span>\u2019s USD 1 bn blue ammonia plant <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/09\/01\/qatar-to-build-usd-1-bn-blue-ammonia-plant-79877\/\" style=\"\">to be completed<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>End-2026: HSBC Bahrain to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/09\/01\/will-we-soon-see-a-carbon-offset-tax-in-egypt-79885\/\" style=\"\">eliminate single-use<\/a><\/span><span style=\"font-weight:400;\"> PVC plastic cards. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2027<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>MENA\u2019s district cooling market is <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/30\/goodbye-single-ac-units-mena-wont-be-needing-your-services-anymore-79605\/\" style=\"\">expected to reach<\/a><\/span><span style=\"font-weight:400;\"> USD 15 bn.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">World Water Forum, Riyadh, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2030 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>UAE\u2019s Abu Dhabi Commercial Bank (ADCB) wants to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/29\/today-welcome-to-enterprise-climate-the-essential-daily-covering-climate-change-in-the-middle-east-and-africa-business-finance-investment-79432\/\" style=\"\">provide AED 35 bn<\/a><\/span><span style=\"font-weight:400;\"> in green financing. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>UAE <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/29\/enterprise-climate-sits-down-with-mariam-almheiri-the-uaes-climate-change-and-environment-minister-79434\/\" style=\"\">targets 14 GW<\/a><\/span><span style=\"font-weight:400;\"> in clean energy capacity.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>Tunisia <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/09\/07\/project-update-tunisia-speaks-to-afdb-ifc-for-solar-plant-financing-80546\/\" style=\"\">targets 30%<\/a><\/span><span style=\"font-weight:400;\"> of renewables in its energy mix.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>Qatar wants to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/30\/today-cloud-wars-afreximbank-gets-love-from-nexi-also-indias-reliance-wants-to-build-20-gw-of-renewables-79598\/\" style=\"\">generate USD 17 bn<\/a><\/span><span style=\"font-weight:400;\"> from its circular economy, creating 9k-19k jobs. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>Morocco\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/xlinks.co\/morocco-uk-power-project\/\" style=\"\">Xlinks<\/a><\/span><span> solar and wind energy project to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/31\/moroccos-usd-18-bn-renewables-export-hub-79733\/\" style=\"\">generate 10.5 GW<\/a><\/span><span style=\"font-weight:400;\"> of energy.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2035 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>Qatar to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/09\/01\/qatar-to-build-usd-1-bn-blue-ammonia-plant-79877\/\" style=\"\">capture up to 11 mn tons<\/a><\/span><span style=\"font-weight:400;\"> of CO2 annually. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2045 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">Qatar\u2019s Public Works Authority\u2019s (Ashghal) USD 1.5 bn sewage treatment facility to reach 600k cm\/d capacity. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2050<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/Presidencedugouvernementtunisien\/posts\/pfbid02urYKuUDF91i7dtVRR3yrSFzM4p5aG1JUormqfgnbjuUMTSGzmL2DrY8Z7wyfA7vBl?locale=ar_AR\" style=\"\">Tunisia\u2019s carbon neutrality target<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2060 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>Nigeria aims to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/29\/today-welcome-to-enterprise-climate-the-essential-daily-covering-climate-change-in-the-middle-east-and-africa-business-finance-investment-79432\/\" style=\"\">achieve its net-zero<\/a><\/span><span> emissions target.<\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Lots of green finance | We have more on Egypt\u2019s solar panel factory | Meridiam to co-develop Gulf of Suez wind farm | Hello, CO2 to protein<\/p>\n","protected":false},"featured_media":89089,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-89088","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"8c41fd5b-6351-4c7b-b250-e51a4248b969","teaser":"Lots of green finance | We have more on Egypt\u2019s solar panel factory | Meridiam to co-develop Gulf of Suez wind farm | Hello, CO2 to protein","photo_url":"https:\/\/ent.news\/2024\/11\/2428.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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